SEC Form 4 · accession 0001094891-16-000385
CPI AEROSTRUCTURES INC · CVU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter Paulick
Director
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 11:18 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000889348
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 4, 2016 | A | 1,291 | $0.00 | A | 26,070 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Jan 4, 2016 | A | 3,873 | A | — | — | Common Stock | 3,873 | 3,873 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of CPI Aerostructures, Inc.
- F2The restricted stock units vest in three equal installments of 1,291 on April 1, 2016, July 1, 2016 and October 3, 2016, respectively. Upon vesting the shares shall promptly be delivered to the reporting person.